Mysten Labs today launches Winter Quest, introducing an opportunity for users to receive up to 1,000,000 gifts valued at 500,000 SUI, worth around $300,000 USD.
The eligible activities for earning these rewards involve interaction with DeepBook, Hyperspace, SuiMint, and SuiFrens on the blockchain.
The rewards, referred to as "presents" by Mysten Labs, come with a daily reset cycle.
Each present holds a random amount of SUI.
Progress and earning quotas reset every 24 hours at UTC 00:00, with the actual distribution of presents occurring at UTC 01:00.
SEE: Mysten Labs' Winter Quest Scoring Logic
While the Winter Quest is open to everyone, SuiFrens holders are granted a special privilege—a 15% multiplier on top of the standard reward structure, providing them with an enhanced opportunity to accumulate presents.
Participants also have the option to trade presents on Hyperspace, offering a unique avenue for engagement within the Sui community and potentially devising strategies for optimizing rewards.
Winter Quest will conclude once all available presents have been distributed.
If you goal is acquire as much SUI as possible, then the best way to go about this is to ensure that you hit the daily limits for each and every task between Deepbook, Hyperspace, SuiFrens, and Suimint.
While there is no reported data on how much SUI each present might contain, the 1,000,000 rewards divided by 500,000 presents gives us the idea that each present should contain or is valued approximately at 2 SUI apiece.
This means that participants can expect to earn about 160 SUI per day (about 100 USD) on average given the rules.
As mentioned earlier, SuiFrens holders will get even more rewards.
The most reliable strategy would be to camp SuiFrens accessories and SuiMint inscriptions.
Founded by five former Facebook engineers, Mysten Labs was founded two years ago under one simple dream - to simplify online money transfers, including cryptocurrencies, making the process as straightforward as basic online communication.
Mysten Labs closed a successful $300 million fundraise, reaching a valuation exceeding $2 billion.
The company has backing from significant entities in the Web3 space, including Andreessen Horowitz's a16z crypto unit, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, and Coinbase Ventures.
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